Lawyers from Carey Olsen's Guernsey corporate team advised
Falcon Acquisitions Limited on its admission to the Official List
of the UK Listing Authority (by way of a standard listing) and to
trading on the Main Market of the London Stock Exchange for listed
Falcon Acquisitions is a special purpose acquisition vehicle and
will target businesses for acquisition in the mobile, online
television and broadcasting sectors with a focus on
'over-the-top' content. This involves delivering media
content, such as audio and video, either over the open internet
without a multiple system operator or via an internet-enabled
device such as smart televisions with a broadband connection,
phones, tablets and set-top boxes.
Falcon Acquisitions raised total net proceeds of £1.7
million through a subscription for 16 million new shares at a price
of 10 pence per share. The company's market capitalisation at
the subscription price on admission was over £2 million. The
company's prospectus dated 13 January 2016 contemplates further
funds of between £1.5 to £2 million being raised by way
of a secondary fundraising prior to making the first
Carey Olsen partner Tom Careyadvised on the Guernsey aspects of
the initial public offering (IPO) along with senior associate
Oliver Quarmby, with McCarthy Denning (led by Richard Beresford)
advising on the English law aspects.
Advocate Carey, said: "Guernsey continues to be recognised
as a leading jurisdiction for London Stock Exchange IPOs for funds
and Special Purpose Acquisition Companies (SPACs) and we were able
to use our experience and expertise to assist McCarthy Denning and
our clients with the successful launch of Falcon Acquisitions at a
time of market volatility."
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Failure to comply with company law in Hong Kong can be very expensive for businesses. In a highly dynamic business and regulatory environment such as Hong Kong, it is challenging for business owners to remain fully aware of the latest legal requirements.
In our article " Characteristics of the Commercial Agency Law of the United Arab Emirates" published with Mondaq on 27.09.2016, we outlined the general applicability of the UAE Commercial Agency Law (Federal Law No. 18 of 1981 including its amendments).
Confidentiality of corporate documents and information is one of
the key attractions of incorporating a company in the BVI. A
company search of the BVI Registrar of Corporate Affairs will only
disclose certain information and documents.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).